Textainer Group Holdings Limited Reports Third Quarter EPS of $.67

Textainer Group Holdings Limited TGH today reported results for the third quarter and nine months ended September 30, 2010. Total revenue for the quarter was $75.3 million, which was an increase of $19.2 million, or 34%, compared to $56.1 million for the prior year quarter. Net income attributable to Textainer Group Holdings Limited common shareholders excluding unrealized losses on interest rate swaps, net for the quarter was $33.3 million, which was an increase of $19.2 million, or 137%, compared to $14.0 million for the prior year quarter. Net income attributable to Textainer Group Holdings Limited common shareholders excluding unrealized losses on interest rate swaps, net for the current year quarter was positively affected by a 12.6 percentage point improvement in utilization and a 16.2% increase in the Company's owned fleet size. Net income attributable to Textainer Group Holdings Limited common shareholders per diluted common share excluding unrealized losses on interest rate swaps, net for the quarter was $0.67 per share, which was an increase of $0.38 per share, or 131%, compared to $0.29 per share for the prior year quarter.